POLAR PEL AS

7011 TRONDHEIM

Finances

Share Ownership

Return on Equity

−12,23 %

Current Ratio

1,37

Debt-to-Equity Ratio

1,92

Key figures (NOK)	2022	2021	2020	2019
Revenue	77 032 000	40 394 000	23 429 000	28 464 000
Net Income	−409 000	324 000	402 000	259 000
Total Assets	23 729 000	12 537 000	7 820 000	10 877 000
Total Equity	3 344 000	3 753 000	3 429 000	3 027 000

Income (NOK)	2022	2021	2020	2019
Revenue	77 032 000	40 394 000	23 429 000	28 464 000
Expenditure	76 954 000	39 897 000	22 782 000	27 952 000
Operating Profit	78 000	498 000	646 000	511 000
Financial Income	121 000	131 000	55 000	9 000
Financial Costs	723 000	212 000	186 000	188 000
Financial Balance	−602 000	−81 000	−131 000	−179 000
Earnings Before Tax	−525 000	416 000	515 000	332 000
Tax	−115 000	91 000	113 000	73 000
Net Income	−409 000	324 000	402 000	259 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 550 000	2 452 000	1 940 000	2 225 000
Total Current Assets	19 180 000	10 086 000	5 880 000	8 653 000
Total Assets	23 729 000	12 537 000	7 820 000	10 877 000
Total Retained Equity	3 221 000	3 630 000	3 306 000	2 904 000
Total Equity	3 344 000	3 753 000	3 429 000	3 027 000
Total Long-Term Debt	6 430 000	272 000	437 000	616 000
Total Current Debt	13 956 000	8 512 000	3 954 000	7 234 000
Total Equity and Debt	23 729 000	12 537 000	7 820 000	10 877 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	77 032 000	40 394 000	23 429 000	28 464 000
Other Income	0	0	0	0
Revenue	77 032 000	40 394 000	23 429 000	28 464 000
Cost of Goods Sold	56 114 000	21 788 000	10 909 000	12 136 000
Salary Costs	13 117 000	6 874 000	4 988 000	6 325 000
Depreciation	611 000	546 000	426 000	365 000
Impairment	0	0	0	0
Expenditure	76 954 000	39 897 000	22 782 000	27 952 000
Operating Profit	78 000	498 000	646 000	511 000
Financial Income	121 000	131 000	55 000	9 000
Financial Costs	723 000	212 000	186 000	188 000
Financial Balance	−602 000	−81 000	−131 000	−179 000
Dividends	0	0	0	0
Net Income	−409 000	324 000	402 000	259 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	242 000	127 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 619 000	1 507 000	1 437 000	1 696 000
Total Tangible Assets	3 619 000	1 507 000	1 437 000	1 696 000
Total Fiancial Fixed Assets	689 000	819 000	504 000	529 000
Total Fixed Assets	4 550 000	2 452 000	1 940 000	2 225 000
Stock	2 232 000	1 440 000	894 000	777 000
Total Investments	0	0	0	0
Cash, Bank	1 383 000	133 000	402 000	138 000
Total Current Assets	19 180 000	10 086 000	5 880 000	8 653 000
Total Assets	23 729 000	12 537 000	7 820 000	10 877 000
Total Equity	3 344 000	3 753 000	3 429 000	3 027 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 430 000	272 000	437 000	616 000
Creditors	7 519 000	4 578 000	1 611 000	1 698 000
Unpaid Taxes	2 004 000	761 000	1 166 000	1 350 000
Dividends	0	0	0	0
Other Current Debt	4 432 000	1 532 000	978 000	2 214 000
Total Current Debt	13 956 000	8 512 000	3 954 000	7 234 000
Total Equity and Debt	23 729 000	12 537 000	7 820 000	10 877 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,23 %	8,63 %	11,72 %	8,56 %
Debt-to-Equity Ratio	1,92	0,07	0,13	0,2
Operating Profit Margin	0,1 %	1,23 %	2,76 %	1,8 %
Current Ratio	1,37	1,18	1,49	1,2
Quick Ratio	1,64	1,43	1,92	1,34
Equity Ratio	0,14	0,3	0,44	0,28
Gross Profit Margin	27,15 %	46,06 %	53,44 %	57,36 %